"reserves"
4 agenda items mention this keyword
Use of reserves to cover certain eligible expenses in deficit in 2025
The City is using reserve funds to cover budget deficits from 2025 in areas such as legal damages, snow removal, and group insurance, where actual costs exceeded the budgeted amounts.
budgetgovernance
CES - Use of reserves to cover certain eligible expenses in deficit in 2025
The City is authorizing the use of reserve funds to cover specific budget deficits incurred in 2025.
budget
Use of Reserves to Cover Certain 2025 Deficit Expenses
The City is authorizing the use of reserve funds to cover budget deficits from 2025 in areas such as damages and litigation, snow removal, and group insurance. These expenses exceeded the original budget, and the use of reserves ensures these costs are covered as part of the annual financial closing process.
budgetgovernance
Allocations - Operating Surplus for Fiscal Purposes - Year 2024
Council approved the allocation of the 2024 operating surplus to various reserves and funds. This includes funding for pension plans, election costs, affordable housing, and infrastructure maintenance, following the city's surplus management policy.
budget